BellRing Brands (BRBR) Scheduled to Post Quarterly Earnings on Monday

BellRing Brands (NYSE:BRBR) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. BellRing Brands has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $430.40 million for the quarter, compared to analyst estimates of $407.91 million. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. On average, analysts expect BellRing Brands to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BellRing Brands Price Performance

NYSE:BRBR opened at $56.34 on Monday. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 45.44, a PEG ratio of 2.14 and a beta of 0.83. The company’s 50-day moving average is $57.68 and its two-hundred day moving average is $53.76. BellRing Brands has a 1-year low of $34.58 and a 1-year high of $62.76.

Insider Buying and Selling

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the sale, the director now directly owns 24,646 shares of the company’s stock, valued at approximately $1,424,785.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BRBR shares. Stifel Nicolaus boosted their target price on shares of BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Mizuho boosted their target price on shares of BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Truist Financial downgraded shares of BellRing Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $50.00 in a research note on Wednesday, January 3rd. Stephens reissued an “equal weight” rating and issued a $51.00 price target on shares of BellRing Brands in a research note on Tuesday, February 6th. Finally, Citigroup began coverage on shares of BellRing Brands in a research note on Thursday, February 1st. They issued a “buy” rating and a $67.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.92.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.